The investment will help Talently expand its IT Upskilling business in Mexico & Latin America
● Talently, a Peruvian Edtech company that helps software developers get higher-paid jobs in the global technology industry has received a strategic investment from Latin Leap.
● Talently is an upskilling-to-placement platform that enables Latam’s tech talent to get jobs at 2x their previous salaries within just 3 months. The Company has helped over 800 mid-senior/senior talents be placed at leading technology companies including Microsoft, IBM, Nubank, and PayPal.
● Today, Latam tech talent gets stuck as they advance in their recruiting processes due to a lack of soft skills and employability knowledge. This includes failing to pass initial filters, interview stages, or meeting English requirements.
Talently, a Peruvian company that helps tech developers get jobs at 2x their previous salaries within just 3 months through an upskilling-to-placement platform, has announced today an undisclosed investment from Latin Leap that will support the company’s goal of becoming the leading platform for tech talent in Mexico and Latam.
“We are delighted to partner with Talently. Latin America has strong potential to become a hub for engineers thanks to lower barriers for education, training, and cost effectiveness for hiring companies. Talently is ideally positioned to become a strong connector of supply and demand in this market.” said Stefan Krautwald, General Partner of Latin Leap.
Through the new investment and already backed by prominent investors such as 500 Startups and Alaya Capital, Talently will be enabled to launch new programs, scale the company’s product, launch new careers, and monetize their B2B hiring partners.
The IT upskilling program teaches whiteboarding, behavioral interviewing practices, knowledge of soft skills and employability, time management, technical English, etc. Skills that professionals need to advance in a recruitment process. In addition, participants are offered one-on-one mentoring and workshops through partnerships with various organizations to help them prepare to succeed in remote-office roles.
Talently’s business model is based on an Income Shared Agreement. This means that the company does not monetize until after the candidate lands a $30,000-a-year job. They have grown 35x since the pandemic began.
“We should promote this model because it aligns with incentives, for example, our primary metric is to get our students placed. Typically, that doesn’t happen with education when the goal is to get more people involved. Our goal is to get more people placed after the program. It is a results-based model.” said Domenica Obando, CEO of Talently.
The company began operations at the beginning of 2019, and to date it has 2,000 students who have taken its program, and who access vacancies from its network of allies, among which are: Microsoft, Globant, Nubank or Cornershop.
About Latin Leap
Latin Leap is a Venture Capital Studio (VC Studio) that was established to create a unique responsible investment platform to soft-land and accelerate purpose-driven tech companies in Latin America.
Through human and financial commitment, Latin Leap provides tech scale-ups with access to essential resources for successful deployment in Latin America.
Talently is an upskilling-to-placement platform that enables Latam’s tech talent to get jobs at 2x their previous salaries within just 3 months. The Company has helped mid-senior/senior talents be placed at leading technology companies including Microsoft, IBM, Nubank, and Paypal.
New to EdTech? Read our EdTech 101 guide: https://global-edtech.com/edtech-definitions-products-and-trends/